Jane Street Group LLC Has $11.71 Million Stake in Sylvamo Corporation $SLVM

Jane Street Group LLC increased its stake in shares of Sylvamo Corporation (NYSE:SLVM) by 248.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,648 shares of the company’s stock after buying an additional 124,521 shares during the quarter. Jane Street Group LLC owned about 0.43% of Sylvamo worth $11,714,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Sylvamo during the first quarter worth approximately $61,000. First Citizens Bank & Trust Co. acquired a new stake in Sylvamo during the first quarter worth approximately $200,000. James Investment Research Inc. acquired a new stake in Sylvamo during the first quarter worth approximately $251,000. Kapitalo Investimentos Ltda acquired a new stake in Sylvamo during the first quarter worth approximately $263,000. Finally, Highland Capital Management LLC acquired a new stake in Sylvamo during the first quarter worth approximately $268,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SLVM. Zacks Research raised Sylvamo to a “strong sell” rating in a research report on Monday, August 11th. Royal Bank Of Canada set a $49.00 target price on Sylvamo and gave the stock a “sector perform” rating in a research note on Monday, August 11th. Finally, Bank of America cut their target price on Sylvamo from $67.00 to $64.00 and set an “underperform” rating for the company in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $71.00.

Sylvamo Stock Up 2.2%

Shares of SLVM opened at $44.25 on Tuesday. Sylvamo Corporation has a 52 week low of $37.51 and a 52 week high of $98.02. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 2.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.54. The stock has a fifty day moving average of $46.40 and a 200-day moving average of $54.23.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Sylvamo had a net margin of 6.11% and a return on equity of 23.99%. The firm had revenue of $794.00 million during the quarter, compared to the consensus estimate of $826.60 million. During the same quarter in the previous year, the company posted $1.98 earnings per share. The firm’s revenue was down 14.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.